Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com ‘DATA AWAKEN BULLS 11-1-12 Chinese manufacturing data improved in October. Meanwhile
Japan is in full QE mode. Europe liked the blizzard of U.S. data thinking it
might spill across the pond. The IMF said a Greek deal is on the horizon (“Lost Horizons?). U.S. data
included: “reconstructed” ADP data which showed 158K
new private sector jobs (hard to trust this for now); Jobless Claims (369K vs
370K expected & prior revised higher to 372K); ISM Mfg Data (51.7 vs 51.5
expected & prior 51.15); PMI flat (51.5) Consumer Confidence (72.2 vs 74
expected & prior 70.3); Construction Spending (.6% vs .6% expected &
prior -.6%); and, Challenger Job Cuts (47K vs 33K) mostly ignored.The most
watched data point will be Friday’s employment report now under great suspicion from many
corners.Earnings reports investors focused on were stronger results from
Chrysler, General Motors, Exxon and Kellogg’s) while Pfizer fell as Lipitor patent expired. It must be
said that many accuse the auto companies of reporting sales to dealers vs
consumers better known as “channel
stuffing”. But auto
companies are now self-financing with subprime auto loans making a large
comeback. Nevertheless bulls seized on quiet and oversold conditions as algos
jumped on headline data to ramp markets higher.It’s also the start of a new
month where fund dividend reinvestment dominates and we enter the normally
bullish seasonal period toward year-end.For now, bulls are setting aside
worries about the election, fiscal cliff, the eurozone and most other issues
and pushing stocks higher in a classic short squeeze.The dollar (UUP) was
slightly higher and gold (GLD) modestly weaker. Commodities (DBC) overall were
flat while oil (USO) and a few base metals (JJC) were higher mostly on Chinese
manufacturing.Stocks were led higher by tech (XLK) which had gotten quite
oversold short-term along with materials (XLB). Bonds (TLT) reversed course and
sold off some as stocks rallied. Never short a quiet market is the old maxim
and this applied Thursday. It’s also been
the case that shorting stocks over any period beyond short-term with QE and
ZIRP has been a losing strategy. Volume was unremarkable on the short squeeze
and breadth per the WSJ was quite positive…’
, Spain
Offers Yet Another Impossible Solution to Its Problems http://albertpeia.com/todreamtheimpossibledream.htm , Anarchy
Along The Jersey Shore And On Long Island In The Aftermath Of Hurricane Sandy http://albertpeia.com/anarchyjerseynewyork.htm
Americans
Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism ZeroHedge.com 11/01/2012
{ That’s largely
because they’re living
in a failed socialist plutocracy and have a failed socialist/pro-communist
president, all under the guise of a capitalist/free society/democracy; which of
course, the latter being an absolute fiction. Quite simply, they’ve never even seen capitalism. }
In the prior post, we showed a presentation that
looked at America from the perspective of a corporation and how it would be
completely unsustainable. Luckily, there is little probability that America
will ever have anything to do with S-Corp status, and far more likely end up as
an agrarian Kolhoz. The reason: based on a Pew survey of America's youth, or
those aged 18-29, more have a positive view response
toward Socialism than they do toward Capitalism. We will
leave it at that. , USA,
Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er When Mary Meeker, formerly of pre-IPO bubble
analyst fame, released her "USA, Inc." presentation last year, which
assayed the US government as if it were a corporation, her conclusion was
simple: the country is broke,
and can not continue along the path it is on now. Fast forward to today, when
the US debt balance is over $1 trillion higher, and the next edition of Mary
Meeker's presentation which she released at last week's Ira Sohn conference.
Her conclusion: the US is now broke-er than ever. , Starting
Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion In Debt It seems like it was only yesterday that the
US closed the book on Fiscal 2012 (technically, it was September 30), with a
modest $16.066 trillion in debt. What was notable is that the monthly additions
to the total debt balance toward the end of 2012 were getting smaller and
smaller until the October incremental addition was a puny $50 billion (even
though mysteriously the US ended up with a budget Surplus of $75 billion for the month).
Turns out it was merely yet another political stall tactic to avoid the true
face of America's debt peeking into the open public. Because as of several
hours ago, the DTS announced the total debt as of October 31, or the first
completed month of fiscal 2013. The number: $16.262 trillion. This means that in the month of
October, when delaying displaying the true creditor plight of this country was
no longer an option, Uncle Sam went to town, and raised $195 billion. This amounts to $6.3 billion per calendar
(not work) day, and $262 million per calendar (not work) hour. , Hurricane
Sandy Satellite Photos: Before And After
http://albertpeia.com/jerseyshorebeforeaftersandy.jpg , Dumpster
Diving In The Lower East Side
, As
Redemptions Surge, The Dreaded Hedge Fund "Gate" Is Back , GM
Channel Stuffing Soars To Record For
a few months there, we were worried that GM may have actually found a (government-funded)
natural subprime buyer of its vehicles after the company managed to keep its
channel stuffing in check for several months. Those fears ended today with the
company's October
car sales report, according to which GM sold 4.7% more cars, or 42,759 in
absolute terms (from 153,005 to 195,764) in October than September, below
expectations of a 7.8% increase. So far so good. What however will hardly get
any mention from Government Motors cheerleaders is that GM auto inventory at dealers as of October
31 was a record 739,034 (a massive 98 days of supply), an
increase of 49,700 from October's 689,334. In other words, the entire
incremental rise in sales, and then some, was due to the firm stuffing
dealers with even more inventory than they can possibly handle!
Submitted
by Tyler
Durden on 11/01/2012
Submitted
by Tyler
Durden on 11/01/2012
Last week, when we reported last week's
lucky Initial Claims expectations beat of 369K, we explicitly said
the following: "today's Initial Claims number which magically
"beat" expectations by 1K, printing at 369K, on expectations of 370K,
will be revised to a miss of
372K next week." And guess what last week's number was
just revised to? That's right: 372K,
which means that last week's beat was actually a miss. But who cares.
Oh, and this week's just as manipulated print of 363K, which was a beat of
expectations of 370K, will be spun as a 9K drop in initial claims of course.
Next week this number will be revised to 365K-366K as usual, because the BLS
has now upward revised its weekly claims number for something like 80 weeks in
a row.
Submitted
by Tyler
Durden on 11/01/2012
"Obama/Romney, Romney/Obama – the most
important election of our lifetime? Fact is they’re all the same – bought and paid for with the same money. Ours is a
country of the SuperPAC, by the SuperPAC, and for the SuperPAC. The “people” are merely
election-day pawns, pulling a Democratic or Republican lever that will deliver
the same results every four years. “Change you can believe in?” I bought
that one hook, line and sinker in 2008 during the last vestige of my
disappearing middle age optimism. We got a more intelligent President, but we
hardly got change. Healthcare dominated by corporate interests – what’s new?
Financial regulation dominated by Wall Street – what’s new? Continuing pointless foreign wars – what’s new? I’ll tell you
what isn’t new. Our two-party system continues to play ping
pong with the American people, and the electorate is that white little ball
going back and forth over the net. This side’s better – no, that one looks best. Elephants/Donkeys,
Donkeys/Elephants. Perhaps
the most farcical aspect of it all is that the choice between the two seems to
occupy most of our time. Instead of digging in and digging out of this mess on
a community level, we sit in front of our flat screens and watch endless
debates about red and blue state theologies or listen to demagogues like Rush
Limbaugh or his ex-cable counterpart Keith Olbermann."
Flawed
Poll Models Underestimating Romney’s Lead Posted by:
ilene Post date: 11/01/2012
Tax
bill set to rise for 30 million households unless Congress acts
The
Hill | More than 30 million households could be hit with the Alternative
Minimum Tax (AMT) if Congress doesn’t take action after the election, adding another
pressure point to talks on the “fiscal cliff.”
Bloomberg: In Your Face Warming Propaganda Prisonplanet.com | Meanwhile actual
scientists disagree. { bloomberg’s actually proven himself to be the failed flake of
new york historic proportion; from soda, to smoking tobacco (as in california,
only crack, marijuana, etc., are allowed), to encouragement of the ‘fraudulent-wallstreet-centric’ climate,
etc.. He also if you’ve watched closely, seems to have gotten very weird
indeed. Prescription drugs maybe? Valium? Prosac, etc.? }
It
Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
Zero
Hedge | Ecuador’s government wants the nation’s banks to
repatriate about one third of their foreign holdings to support national
growth.
Cleanup
of Sandy expected to add billions to the national debt
Natural
News | Well, it didn’t take long after Hurricane Sandy passed into history
as the largest storm of its kind in several generations for someone in
Washington to call for billions in new federal spending to compensate for its
damage.
Why Germany
Wants to See its US Gold { Good
luck with that … I don’t think so … maybe a few token bars but not the now
predominant tungsten goldplate http://albertpeia.com/foolsgold.htm } Spiegel | For decades, almost half of
Germany’s gold has been stored deep below the Federal Reserve Bank of New York.
Now, with the euro crisis swirling, German politicians are asking their central
bankers to take stock.
NY state asks feds
to cover all $6 billion in storm costs... { Between wall street
frauds/bail outs in the trillions, outright theft from the new york fed, a hub
of organized crime, etc., in the trillions, what a national drain new york is!
}
The
cost of Sandy FOX gerri willis The price of any natural disaster is a high
one, economically speaking, but the breadth of this storm, and it's location,
make it especially large.
13
cities going broke Stockton,
Calif., (left) tops the list of U.S. cities in
dire financial straits. See what other areas are drowning in recession-induced
red ink.
Storm washes away much of 'Jersey Shore' town
Japan is in worse than a deflationary trap
Sandy nips auto-sales growth in October
Facebook insiders still stampede to sell stock
AP Business
Highlights
...Yahoo Market
Update…
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the President's
own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently displayed … A
package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close
friends was arrested for drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s
where I’d been headed: the final, fatal role of the young would-be black man.”
But, according to Obama, he only got high because he was contemplating deep
matters: drugs could “push questions of who I was out of my mind.” Obama told
students in 2007 that this activity constituted “goofing off” and “wasting
time”:"I will confess to you that I was kind of a goof off in high school
as my mom reminded me," Obama said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with niggers
in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From
Postal Service loses $3.2b in first quarter...
78% of
_______________________________________
{ some prior links of current
interest }
